The global eDiscovery market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.39% during 2023-2028.
More Info:- https://www.imarcgroup.com/ediscovery-market
2. Report Description
About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on
management strategy and market research worldwide. We partner with clients in all regions
and industry verticals to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our
clients achieve unmatchable competitive advantage, build more proficient organizations, and
secure lasting results.
3. Report Description
Report Description and Highlights
Global eDiscovery Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled "eDiscovery Market: Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2023-2028," the global eDiscovery market size
reached US$ 12.4 Billion in 2022.
eDiscovery, or electronic discovery, focuses on identifying and decoding electronically stored
information (ESI) for government investigations. The process includes the collection, preservation,
processing, analysis, review, and production of digital data keeping the standard law discovery
process into consideration. The electronic data can include emails, voicemails, audio or video files,
social media data, or presentations. The process of eDiscovery is often complex as it incorporates a
large volume of electronic data that is more dynamic and unlike hardcopy evidence. As a result, it is
vital to preserve the original metadata to eliminate any chances of tampering with the evidence in
the litigation. The emergence of eDiscovery tools has enabled enterprises to review information
results faster, which has led to a rise in their adoption in political, legal, privacy, and constitutional
matters.
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market/requestsample
4. Report Description
Report Description and Highlights
Global eDiscovery Market Trends:
Several enterprises are now incorporating cloud computing into their day-to-day operations, which is
leading to the generation of huge amounts of electronic data. This, along with the increasing
penetration of the internet and rapid digitization, has led to the creation of ESI in high volumes, thereby
propelling the demand for eDiscovery solutions. Moreover, the rising cases of felonies like tax frauds
and money laundering are also emphasizing the requirement for eDiscovery in governmental institutes.
Apart from this, favorable government regulations regarding the adoption of eDiscovery have positively
impacted the market growth. For instance, out of the 50 states in North America, 49 states have
enabled e-discovery rules. Among these, California is on the top with the most updated laws.
Furthermore, collaborations among companies to increase their profitability and market shares are also
providing the thrust to the market growth. For instance, IBM introduced Watson Discovery Service in
March 2017, which lets developers to implement a machine learning model to understand the deeper
level of certain language terms and create search and eDiscovery tools that comprehend data and
language on an almost human level.
Looking forward, the market Looking forward, the market is projected to grow at a CAGR of 12.4%
during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/ediscovery-market
5. Report Description
Report Description and Highlights
Key Market Segmentation
The research report includes the following segments:
Breakup by Component:
•Services
•Software
Breakup by Deployment Type:
•On-premises
•Cloud-based
•Hybrid
Breakup by End-User:
•Government/Federal Agencies, Legal and Regulatory Firms
•Enterprises
Breakup by Vertical:
•BFSI
•Retail and Consumer Goods
•Manufacturing
6. Report Description
Report Description and Highlights
•Legal
•IT and Telecommunication
•Government
•Energy and Utilities
•Healthcare and Life Science
•Others
Breakup by Region:
•North America
•Asia Pacific
•Europe
•Latin America
•Middle East and Africa
7. Report Description
Report Description and Highlights
Competitive Landscape with Key Players:
•Accessdata Group Inc
•Commvault Systems Inc
•Conduent Incorporated
•Driven Inc. (Xplenty)
•Fronteo Inc. (Formerly UBIC)
•FTI Consulting
•International Business Machines Corporation
•Logikcull
•Micro Focus International Plc
•Nuix Pty Ltd. (Macquarie Group)
•Open Text Corporation
•Veritas Technologies LLC (The Carlyle Group)
•ZyLAB Technologies
•etc
8. Report Description
Key Questions Answered in the Report
1. What was the size of the global eDiscovery market in 2022?
2. What is the expected growth rate of the global eDiscovery market during 2023-2028?
3. What are the key factors driving the global eDiscovery market?
4. What has been the impact of COVID-19 on the global eDiscovery market?
5. What is the breakup of the global eDiscovery market based on the component?
6. What is the breakup of the global eDiscovery market based on the deployment type?
7. What is the breakup of the global eDiscovery market based on the end user?
8. What is the breakup of the global eDiscovery market based on the vertical?
9. What are the key regions in the global eDiscovery market?
10. Who are the key players/companies in the global eDiscovery market?
9. Report Description Table of Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global eDiscovery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
10. Report Description Table of Contents
6 Market Breakup by Component
6.1 Services
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Type
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hybrid
7.3.1 Market Trends
7.3.2 Market Forecast
Click here to visit the complete table of content with list of figures and tables:
https://www.imarcgroup.com/ediscovery-market/toc
11. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients
12. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients